IT Tech Packaging (IT Tech Packaging) Change In Receivables : $0.28 Mil (TTM As of Dec. 2023)

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What is IT Tech Packaging Change In Receivables?

IT Tech Packaging's change in receivables for the quarter that ended in Dec. 2023 was $2.32 Mil. It means IT Tech Packaging's Accounts Receivable declined by $2.32 Mil from Sep. 2023 to Dec. 2023 .

IT Tech Packaging's change in receivables for the fiscal year that ended in Dec. 2023 was $0.28 Mil. It means IT Tech Packaging's Accounts Receivable declined by $0.28 Mil from Dec. 2022 to Dec. 2023 .

IT Tech Packaging's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.58 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. IT Tech Packaging's Days Sales Outstanding for the three months ended in Dec. 2023 was 2.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. IT Tech Packaging's liquidation value for the three months ended in Dec. 2023 was $-20.28 Mil.

IT Tech Packaging Change In Receivables Historical Data

The historical data trend for IT Tech Packaging's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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IT Tech Packaging Change In Receivables Chart

IT Tech Packaging Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.30

0.92

-2.43

3.75

0.28

IT Tech Packaging Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															3.60	-1.99	0.31	-0.36	2.32

IT Tech Packaging Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.28 Mil.

IT Tech Packaging (AMEX:ITP) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

IT Tech Packaging's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.576	/	20.965	*	91
=	2.51

2. In Ben Graham's calculation of liquidation value, IT Tech Packaging's accounts receivable are only considered to be worth 75% of book value:

IT Tech Packaging's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.919	-	26.407	+	0.75 * 0.576	+	0.5 * 3.555
=	-20.28

IT Tech Packaging Change In Receivables Related Terms

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IT Tech Packaging (IT Tech Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » IT Tech Packaging Inc (AMEX:ITP) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Science Park, Juli Road, Xushui District, Hebei Province, Baoding City, CHN, 072550

Website

https://www.itpackaging.cn

IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.

Executives

Zhenyong Liu	director, 10 percent owner, officer: Chief Executive Officer	C/O ORIENT PAPER, INC., SCIENCE PARK, JULI ROAD, XIUSHUI COUNTY, BAODING CITY,HEBEI PROVINCE F4 072550
Jing Hao	officer: Chief Financial Officer	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI PROVINCE F4 072550
Hon Wai Ku	director	SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000
Wenbing Wang	director	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Winston C Yen	officer: Chief Financial Officer	345 S. FIGUEROA STREET, #100, LOS ANGELES CA 90071
Drew Bernstein	director	C/O BERSTEIN & PINCHUK LLP, SEVEN PENN PLAZA SUITE 830, NEW YORK NY 10001
Zhaofang Wang	director	ROOM 401, UNIT 4, 20TH FLOOR FANGYUANLI, CHAOYANG DISTRICT, BEIJING F4 100061
Fuzeng Liu	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Xiaodong Liu	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Chen Li	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Dahong Zhou	officer: Secretary	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Max Time Enterprise Ltd	10 percent owner	PO BOX 031-088, SHENNAN ZHONG ROAD, SHENZHEN CITY F4 518031
Hui Ping Cheng	director, 10 percent owner, officer: President	C/O MY QUOTE ZONE, 6130 ELTON AVENUE, LAS VEGAS NV 89107